2, MERCER ROAD, BILLERICAY, CM11 1DH - £1,170,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 MERCER ROAD is a very large extended detached house of 248m², built sometime between 1976 and 1982. It was last sold for £1,170,000 in March 2024, which was around 81% above the average March 2024 detached price in the Basildon local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was C.

2 MERCER ROAD Sold Prices

Land registry data shows three sales for 2 MERCER ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the three 2 MERCER ROAD sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 14 MAR	£1,170,000	£647,793	81% above HPI
2018 9 NOV	£1,050,000	£566,234	85% above HPI
2011 12 AUG	£490,000	£340,893	44% above HPI

2 MERCER ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basildon local authority area over time, sourced from the HPI. The three 2 MERCER ROAD sales between August 2011 and March 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2018 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the March 2024 sale, where it falls to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is 2 MERCER ROAD?

2 MERCER ROAD is 248m², which includes four extensions, according to the EPC inspection conducted in September 2023. This puts it in the largest 10% of detached houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses by size in Billericay, and where 2 MERCER ROAD lies on this distribution: 94% of detached houses are smaller than 2 MERCER ROAD, and 6% of houses are larger. Note that EPC data is not available for all properties in Billericay.

2 MERCER ROAD: Plot and Title Map

2 MERCER ROAD sits on a plot of roughly 0.146 of an acre, or 593m². The below map shows the location of 2 MERCER ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 MERCER ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 MERCER ROAD?

2 MERCER ROAD is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 2 on MERCER ROAD.